FBT on DA..??
This query is : Resolved
21 December 2007
Hi,
If an employee travels for official purpose and if he receives Daily Allowance for the no of days he travels and the same is not taxable in his salary, whether such DA is liable for FBT under Travel @ 5%..??
If an employee travels for official purpose and if he receives Daily Allowance for the no of days he travels and the same is not taxable in his salary, whether such DA is liable for FBT under Travel @ 5%..??
CA. Vineet Grover
(Expert)
21 December 2007
Hi Chandan,
It is very correct that if the DA does not form part of the salary the same shall be suject to FBT u/s 115WB(2)(Q).
Rgds/
Vineet
It is very correct that if the DA does not form part of the salary the same shall be suject to FBT u/s 115WB(2)(Q).
Rgds/
Vineet
28 December 2007
will it be liable under Travelling - 5%
or
Employee welfare - 20% since its a compensation to the employee..
or
Employee welfare - 20% since its a compensation to the employee..
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